ENVIRON 157 Chapter Notes - Chapter N/A: Plug-In Hybrid, Espn Bottomline, Low-Carbon Economy
Document Summary
The latest analysis of our electric vehicle index shows the global electric-light-vehicle industry continues to make solid progress. To accelerate growth further, several hurdles need to be overcome. Overall, global ev-sales volumes are becoming large enough to create substantial profit pools for well- positioned suppliers and other upstream players but they are also having a negative impact on traditional oem profit margins. The entire power-train value chain continues to recalibrate as oems follow different sourcing strategies across e-power-train components and as many incumbents, plus new suppliers, enter the market. Ev sales grew to more than two million units globally in 2018: an increase of 63 percent on a year-on- year basis, and a rate slightly higher than in prior years. Nevertheless, with a penetration rate of 2. 2 percent, evs still only represent a fraction of the overall lightvehicle market. The ratio of battery evs (bevs) to plug-in hybrid evs (phevs) held relatively steady from 2017 (exhibit 1).
